Furthermore, John S. Hudnall also allegedly made unapproved and undisclosed financial sales promotions to firm customers, recommended and sold an unsuitable variable annuity product and provided false information, said Complaint also notes.

John S. Hudnall Allegedly Recommended and Sold an Unsuitable Variable Annuity Product and Purportedly Provided False Information in Response to FINRA Information Requests

John S. Hudnall allegedly provided false information in response to FINRA information requests, according to the aforementioned Complaint being examined by attorneys Jason Kane and James Booker.

Hudnall, in addition, on May 9, 2012, allegedly recommended and sold a $400,000 Wells Core Office Income REIT investment to an 80-year old BancWest customer known only as AFJ which he split into two simultaneous transactions of $40,000 and $360,000, the Complaint also notes.

Hudnall, to allegedly circumvent BancWest’s supervisory review of such a large transaction, Hudnall purportedly executed the $360,000 portion of the REIT Investment directly with the REIT sponsor while submitting only the $40,000 portion to BancWest for its supervisory review, the Complaint also reports.

Securities Lawyers Investigating

The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of undisclosed and unapproved private securities transactions, and are currently investigating John S. Hudnall’s undisclosed and unapproved private securities transaction. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of John S. Hudnall’s undisclosed and unapproved private securities transaction are encouraged to contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or James Booker, for a free no-obligation evaluation of their recovery options, at (585) 310-5140.

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.

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